Compute the probability that more passengers show up

Reference no: EM137463

Q1. A small commuter plane has 30 seats. The possibility that any particular passenger will not show up for a flight is 0.10, independent of other passengers. The Airlines sells 32 tickets for the flight. Compute the probability that more passengers show up for the flight than there is seats available.

Q2. Approximation the divisional hurtle rates for each division. Imagine that all divisions use a 45 percent debt ratio for this purpose.

Reference no: EM137463

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